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The differences between credit assistants and credit administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a credit assistant and a credit administrator. Additionally, a credit administrator has an average salary of $59,271, which is higher than the $33,741 average annual salary of a credit assistant.
The top three skills for a credit assistant include data entry, financial statements and customer service. The most important skills for a credit administrator are financial statements, credit card payments, and real estate.
| Credit Assistant | Credit Administrator | |
| Yearly salary | $33,741 | $59,271 |
| Hourly rate | $16.22 | $28.50 |
| Growth rate | -5% | -8% |
| Number of jobs | 5,294 | 55,726 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 63% |
| Average age | 39 | 39 |
| Years of experience | 2 | 2 |
A credit assistant is responsible for processing credit requests and assisting customers. They usually answer inquiries, explain procedures, provide instructions, and deal with customer concerns. In some companies, a credit assistant is also in charge of providing support to managers, supervisors, or investigators by preparing and processing documents, handling calls and correspondence, arranging appointments, and coordinating with different departments. They may also participate in training new employees.
A credit administrator oversees the credit operations in a company, ensuring efficiency and client satisfaction. They typically conduct research and analysis, handle credit portfolios, perform credit risk assessments, monitor credit accounts, validate requirements, evaluate applications, and develop strategies to optimize operations. A credit administrator may also perform a variety of clerical tasks such as preparing and processing documents, answering calls and correspondence, organizing information, and maintaining records. Moreover, they must lead and encourage staff to reach goals, all while enforcing and promoting the company's policies and regulations.
Credit assistants and credit administrators have different pay scales, as shown below.
| Credit Assistant | Credit Administrator | |
| Average salary | $33,741 | $59,271 |
| Salary range | Between $26,000 And $43,000 | Between $33,000 And $106,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Carter Lumber | BNY Mellon |
| Best paying industry | Finance | - |
There are a few differences between a credit assistant and a credit administrator in terms of educational background:
| Credit Assistant | Credit Administrator | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit assistants' and credit administrators' demographics:
| Credit Assistant | Credit Administrator | |
| Average age | 39 | 39 |
| Gender ratio | Male, 20.4% Female, 79.6% | Male, 28.4% Female, 71.6% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.7% American Indian and Alaska Native, 0.3% | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 9.4% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |